The Signs Are Everywhere

We are bottoming somewhere around these levels. I can feel it in my fucking bones.

The VIX is at egregious levels. People are so depressed, they are lining up to kill themselves via howitzer. Long term bears, like Mr. Big Picture (who called the bottom in 2002), is now going long. Hedge funds are closing up shop, big and small. Investors are ignoring fundamentals and, instead, are embracing fear.

Without a doubt, we are in the midst of the most troubling times this country has ever faced, at least financially. So, do not go balls to the wall long, without having cash reserves. At the present, I have a 45% cash position and will hold 25%, no matter what, unless we dive to 7,500.

Inflation feels good. Deflation feels bad. I learned that shit in caveman school.

Eventually, the market will get back to normal and you will regret not nibbling, like a small rat inside a cave made from chocolate, down at these levels.